Oakman reports like-for-likes up 12.4%

Oakman reports like-for-likes up 12.4%, updates on pipeline:Oakman Inns & Restaurants has reported like-for-like sales were up 12.4% for the quarter ending 2 July 2017 with trading “significantly ahead of expectations”. Three major fund-raising exercises have produced more than £24m in total with the lion’s share being available for a raft of major developments that will see the group operating an anticipated 30 units within the next two years. Chief executive Peter Borg-Neal said: “We are absolutely delighted with our performance over the first quarter and it reflects a lot of hard work by my very talented colleagues.